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Showing 31 - 40 of 4197 results for "Raise"

Twynam Group targets US$50m for new fund

CHLOE WALKER  |  TUESDAY, 20 FEB 2024
The Kahlbetzer family office's investment arm is seeking to raise $50 million for a new fund that focuses on companies with technology capable of reducing carbon emissions. Since its launch in mid-2023, the Twynam Earth Fund has received backing ...

Commonwealth Bank slapped with $10.3m fine for wage theft

ANDREW MCKEAN  |  FRIDAY, 16 FEB 2024
Commonwealth Bank was fined $10.3 million by the Federal Court for its involvement in wage theft which led to $16 million in underpayments to over 7400 workers. The case emerged after the Finance Sector Union (FSU) uncovered the bank's systematic ...

GQG records US$10bn in inflows, eyes Abu Dhabi office

ANDREW MCKEAN  |  FRIDAY, 16 FEB 2024
GQG Partners reported US$10 billion of net flows for the full year ending 2023, while announcing plans for an office in Abu Dhabi. The global boutique asset manager concluded the year with US$120.6 billion in funds under management (FUM), reflective ...

ASIC files lawsuit against unlicensed director, companies

JAMIE WILLIAMSON  |  FRIDAY, 16 FEB 2024
The corporate regulator filed a lawsuit against a Queensland man who allegedly deceived people he knew into handing over $100 million to invest in companies he owned without a financial services licence. ASIC commenced proceedings in the Federal Court ...

Rest invests in agriculture fund

RACHEL ALEMBAKIS  |  MONDAY, 12 FEB 2024
Rest has invested in an agriculture-focused fund that focuses on sustainable farming, practices and companies. Rest has allocated capital to Cibus Fund II, which "focuses on delivering strong returns through investment opportunities related to the food ...

Cash rate unchanged at 4.35%

KARREN VERGARA  |  WEDNESDAY, 7 FEB 2024
The Reserve Bank of Australia (RBA) kept the cash rate unchanged at 4.35% on the back of positive inflation data in its first meeting for 2024. Despite inflation registering at 4.1% for the month of December, down from a peak of 7.8% one year prior ...

Vale Jason Milosevski

JAMIE WILLIAMSON  |  TUESDAY, 6 FEB 2024
... Pillemer said in a tribute. In January 2023, Milosevski was diagnosed with an aggressive form of pancreatic cancer. Vowing to raise awareness, Milosevski inspired others by openly sharing his journey on social media, documenting his experience with chemotherapy ...

Scarcity buys stake in asset manager

KARREN VERGARA  |  MONDAY, 5 FEB 2024
... and call structure. It aims to invest in up to 15 asset managers and targets returns of 20% per annum. The fund wants to raise over $200 million by June 2024. Founded in 2023, Scarcity touts itself as an independent investment firm that invests in middle-market ...

Gender pay gap reporting to be scrutinised

ROSE MARY PETRASS  |  WEDNESDAY, 31 JAN 2024
... management practices, under-resourcing of HR and payroll, or a company having information they wish to keep hidden, which could raise questions for investors, according to White. Experts also noted that publishing the median gender pay gap does not account ...

Ex-Merricks commodities guru launches hedge fund

CHLOE WALKER  |  TUESDAY, 30 JAN 2024
... the group, named after renowned English Australian agronomist and plant breeder William Farrer, is targeting an initial raise of US$500 million for its flagship fund. Davis said the decision to launch Farrer alongside Alistair Fullerton and former Merricks ...